Grocery and shop retail inventory

Benjamin

Kisumu, Kisobwa Town, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Benjamin

Member since

January 2015

On-time repayments

199 installments • 67%

About Me

My names are Benjamin Asavah, I was born in 1966 in Vihiga District. I went to vihiga Primary School and completed my CPA and later joined Muslim Secondary school and completed my CSE Certificate of Secondary Education. in my college level I joined Utalii College where I did catering course in Food and beverages.

I started working in Imperial Hotel in Kisumu while doing my course and same time Hawking in town selling newspaper , but later when married I stopped Hawking and open a grocery shop for my wife while I pursued my catering job in a hotel . I am employed working while my wife is working in our grocery shop and a retail shop.

My Business

I myself am employed and working but also run as Retail and grocery shop, where my wife in looking after the shop.
In my shop we sell home use commodities and the grocery as well such as maize, beans, grains, and many more and the shop we have products such as cooking oils, sanitaries, books, pens, pencils, food products, and many more.

This goods or services that we offer are day to day use in the community and are the necessities and therefore they are in demand. Also i incur the following costs, transport to transport my inventory to shop, rent for the leased shop, and also revenues annually for the council . The profits is used to expand the business, home improvements and also school fees and also part of my salaries.

Loan Proposal

Dear lenders,
I would like to represent a loan proposal for funding and promising to invest in my retail shop as I will be purchasing the following commonalities to enable me have a good stock for my customers which am expected to make 5% profit during this Christmas festive;

1) 50 Kg Rice Kes 4200x10 sacks = 42000
2) 50 Kg Sugar Kes 5800 x 10 sacks = 58000
3) 2 Kg Wheat flour Bale Kes 1800 x 30 bales =54000
4) 1 kg Wheat flour Bale Kes 1800 x 20 bales = 36000
5) 2 Kg maize flour bale Kes 1400 x15 bales = 21000
6) 1 kg maize flour bale Kes 700 x 15 bales = 10500
7) Transport KES 7000

TOTAL KES 228,500
TOTAL $ 2,267.56

Thank you and hope you will fund my proposed proposal above,

Yours faithfully,

Benjamin Asava